Plutarch wrote:harmony wrote:Is the Red Cross spending $6 billion on a shopping mall? Is Harvard buying city parks now?
And you have no idea what kind of resources the church has. The books are closed. For all you know, they mortgaged the temples to buy the shopping mall.
It is not $6 billion. But, provide your reference for that amount, please. [I know its liking asking the moon for something when I ask for your references for your empty-headed nonsense.]
From one of the contractors:
I just came from a meeting at our corporate headquarters where the subject of instruction was the current building projects and projected projects in Utah and SLC and how we (my company) are going to meet the needs.
Some interesting facts that came from the meeting.
1. The City Creek Center:
a. Our company estimates that the true cost will be $6 – $8 billion dollars. This is based on the following facts.
1. This is a fast tract project. The construction of one 22 story tower and two 18 story towers would normally take three to five years alone. Add in all the auxiliary buildings, infrastructure (sewer, waterlines, communication lines, etc. - oh yes and the mole people tunnels), street level improvements, etc. It costs a lot of money to keep a project like this on track for the short amount of construction time available. After all they are destroying two city blocks and replacing them new in 48 months (project end date to be 2011). As the presenter stated “Imagine if two city blocks in Manhattan were to be removed and replaced, oh that’s right, the “Freedom” towers and complex are. Could that be done in 48 months? NO WAY. The “Freedom” tower alone is projected to take six to eight years.“ (by the way, the Freedom tower is only one city block).
2. Competition from current construction projects for labor. Legacy Highway, Draper Temple, South Jordan Temple, TRAX expansion, Commuter Rail, Housing projects like Kennecott Day Break, Retail and Commercial construction to service the current construction projects etc., all have placed a demand on available man power and crafts. To compete with these projects the City Creek Center construction companies (Jacobson, Oakland and Big D) are going to have to pay premium wages and salaries. This means no more day labors at $5.25 per hour. Our company projects that a helper is going to be paid $14.50 per hour. Can you say Hurricane Katrina prices?
3. Competition from current construction projects for materials. To compete with the current projects the City Creek Center construction companies (Jacobson, Oakland and Big D) are going to have to pay premium prices for materials. Even with the Mormon church buying direct from the manufacturers, the materials will be more expensive as the delivery dates will cause the materials to be rush orders. The Mormon church is notorious for waiting until the last minute to purchase materials (maybe they think that construction supplies will be found on-site every morning like “manna” from heaven?). This fact of delayed buying caused the conference center costs to rise from the projected $315 million estimate to the final cost of $1.1 billion.
4. There currently is a shortage of qualified workers. Our company estimates that when started City Creek Center will demand an extra 25 000 to 35 000 workers. Our company estimates that mid project there will be over 100 000 construction workers needed. These individuals will have to come from out of state. (So, if you can swing a hammer and bend a nail, head to SLC, hell if you own a hammer come to SLC). Funny side note, unless they make construction of the City Creek Center a mission calling, the influx of workers are not going to be Mormon. So not only are they going to over pay for the workers, they will loose 10% more of their money.
5. The cost of just getting to “zero dirt” our company estimates will be between $450 - $650 million. This includes demolition of the current buildings, moving and relocating (breaking leases) tenants out of the current buildings, removing all current utilities and replacing with new that meet up to date requirements (seismic, materials, etc.).
One of the presenters expressed the biggest concern. FAST TRACK = FAST CRAP. What he means is that the City Creek Center will be built on 7 day cures for the concrete (7 days is the minimum allowed, whereas 28 day is the best cure), hastily constructed supports, minimum welds, and every other short cut that can be done to save time.
He pointed out that the Conference center was a fast track and it is already having major problems (leaking roof, panels falling off, interior wall are wet, etc.).
Yes kiddies, believe it or not, there is more. Part 2 is coming soon.
You'll have to go to FLAK to find the original post. Cap'n Jack brought it there from RfM. And yes, I believe him. Why wouldn't I? It's not like the Brethren have ever been truthful about anything else regarding money. If they were interested in truth, they'd open the books.